The rent prices in real estate in Longboat Key, in the Florida region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Longboat Key has risen strongly during the last 6 months. In March, the average price per sq.feet was $2.88. In the following month the price per sq.feet fell to $2.56. The price for the following two months in (May, June) had a considerable rise of 302 %. The price per sq.feet has had a considerable fall of 56 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $5.47 to $3.06 during July, and August.
When referring to the price in Longboat Key (cities), this has fallen in the last 6 months. The average price for March is $4,665. During April the price had a considerable fall till $3,600. During the following two months (May, June) the price has had an average rise from $4,132.5 to $4,653. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $4,392.75 and $4,429 between July and August.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $3,673 they are 14 % more affordable than the average price for Longboat Key . The properties with the highest average price have 3 bedrooms, Their price is 11 % more expensive than the average. After that we have properties with 2 bedrooms priced at $3,866.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most expensive ones at a cost of $7 / sq.feet, with an average $2.29 / sq.feet price in Longboat Key. The properties with the most expensive average prices have 3 bedrooms. They are 2476 % more expensive than the average followed by properties with 4 bedrooms with a price at $52 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most expensive one. At an cost of $3,673 it is 2 % more expensive than the average price in Longboat Key. "Condo" is seen as the second most expensive property type. The most expensive property type is "" followed by "House". At a price of $4,027 it is 39 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Land" at an average price of $19 / sq.feet followed by "Condo" priced at $52 / sq.feet. "House" is the most expensive type of property with a $98 / sq.feet value followed by "Villa" with an average price of $88 / sq.feet.